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Short covering, positive global cues buoy equity markets

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IANS Mumbai
Last Updated : Sep 27 2016 | 10:02 AM IST

Short covering, along with positive global indices buoyed the Indian equity markets during the early morning trade session on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 30.80 points or 0.35 per cent to 8, 753.85 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,373.02 points, traded at 28,379.06 points (at 9.40 a.m.) -- up 84.78 points or 0.30 per cent from the previous close at 28,294.28 points.

The Sensex has so far touched a high of 28,432.74 points and a low of 28,354.10 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,207 advances and 417 declines.

On Monday, both the key Indian indices had Aplunged on the back of negative global cues and caution ahead of F&O (futures and options) expiry.

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The barometer index had receded by 373.94 points or 1.30 per cent to 28,294.28 points, while the NSE Nifty declined by 108.50 points or 1.23 per cent to 8,723.05 points.

--IANS

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First Published: Sep 27 2016 | 9:56 AM IST

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